Liverpool and Tottenham guilty as deal collapses - 'It’s depressing', says Kieran Maguire

It is "depressing" that Premier League clubs such as Liverpool and Tottenham have refused a deal to distribute around £900million to the EFL.

That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that top-flight clubs may regret their decision as it is actually in their long-term interests to provide additional cash to the EFL.

Talks over a 'New Deal' to distribute £900million to the EFL over six years have collapsed after 10 Premier League clubs made it clear that they would reject the proposal.

As per the Daily Mail, Liverpool and Tottenham were joined by Arsenal, Chelsea, West Ham, Aston Villa, Wolves, Nottingham Forest, Crystal Palace and Bournemouth in rejecting the deal.

EFL plan hated by Liverpool and Tottenham collapses

The report adds that top-flight clubs have considered legal action against the Premier League if they are forced to provide money to other clubs looking to take their place.

Maguire believes Premier League clubs have shown a "lack of self-awareness" by rejecting the deal.

"Billionaires and private equity didn't get to where they are today by looking after people less fortunate themselves," Maguire told Football Insider's Sean Fisher.

"This is being evidenced by those clubs who opposed the new deal on offer to clubs in the EFL and grass-roots football in general.

"So there was no great surprise that there was such a significant split in terms of the most recent vote.

"But it's depressing that money which had been hinted at earlier on in the season has shown no sign of being passed across to clubs in the EFL.

"If you take a look at the EFL itself, there are 30 clubs that are previous members of the Premier League operating in it.

"There seems to be a lack of self-awareness from those clubs, especially towards the bottom of the league, as it’s actually in their long-term interests to be more benevolent."

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